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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: Blue who wrote (676)3/9/1998 5:04:00 PM
From: Goalie  Read Replies (2) of 7235
 
I haven't heard that Unita declared demilitarization; its been dragging its feet with respect to implementation of the Lusaka agreement of 1994; it has so far failed to meet all the deadlines of that protocol. However, Unita has been under severe pressure from all sides, internal and external, to start living up to the Lusaka protocol. It seems that they are waiting to do "something" when the UN resumes its review of the Angola situation on March 13th. The deadline for the completion of the Lusaka deal was Feb 28. Unita did say, however, that once demobilisation is completed under the Lusaka deal, it would issue a total demilitarization. But demobilisation has been severely delayed according to sources in Angola. There's a Joint Commission made up of Russia, Portugal and USA to oversee the Lusaka Protocol.

To answer your question in a round-about way, when Unita demobilised /demilitarised -- yes -- it would add stability to the country and thus would help SouthernEra operating in Angola. I dont know if it would add substantial dollar value to the stock, but it would certainly calm investor concerns. Touch wood, so far the Angolan situation did not affect SUF, operationally, as far as I know.
Hope this answers your question. regards.Goalie.
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